9th Circuit Denies Rehearing Ruling Sending Thorpe Case Back To Bankruptcy Court

9th Circuit Denies Rehearing Ruling Sending Thorpe Case Back To Bankruptcy Court

SAN FRANCISCO - The Ninth Circuit U.S. Court of Appeals on April 3 denied an en banc rehearing of its decision to remand approval of Thorpe Insulation Co.'s Chapter 11 plan of reorganization so a bankruptcy court can hear objections by insurance companies on grounds that the plan violates their legal rights (Motor Vehicle Casualty Company, et al. v. Thorpe Insulation Company, et al.$(In The Matter of Thorpe Insulation Company$) and National Fire Insurance Company of Hartford, et al. v. Thorpe Insulation Company, et al. $(In the Matter of Thorpe Insulation Company$), Nos. 10-56543 and 10-56622, 9th Cir.).

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